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Europe Daily Bulletin No. 8892

19 February 2005
Contents Publication in full By article 16 / 34
GENERAL NEWS / (eu) eu/internal market/banks/italy
Charlie McCreevy stresses that nationality is no stumbling block to taking control in banking sector - Antonio Fazio writes to Commissioner, who will respond within two weeks

Brussels, 18/02/2005 (Agence Europe) - On 17 February, Charlie McCreevy received a written response from Antonio Fazio, the Governor of the Italian Central Bank. This letter aims to allay the fears of the European Commissioner for the Internal Market about the ability of a foreign investor to take control of an Italian bank (see EUROPE of 15 February, p.9). An answer from Brussels to the governor's letter is expected within a fortnight. In line with its role as guardian of the treaties, the...

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